Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Calverton, New York Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Calverton, New York! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Calverton, New York, we've put together a list of local small business banks that you should contact.

SBA Lenders for Calverton Businesses

This is a list of banks outside of Calverton, New York that have provided SBA loans to Calverton businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
1
Capital One
Melville, NY
1
Jpmorgan Chase Bank
Houston, TX
1
Washington Mutual Bank
Henderson, NV
1

Calverton Bank Loan Tips

Before meeting with banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Having a business plan is essential. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

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